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Gst on clothes

Deep Garg (Accountant) (259 Points)

12 March 2017

DEAR RESPECTED MEMBERS AS CLOTHES ARE SALE TAX FREE IN PUNJAB AND SHAWLS ARE ALSO SALE TAX FREE AFTER GST WILL THESE ITEMS COMES UNDER GST OR REMAIN GST FREE

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3 Replies

Sanjeev kumar Choudhary (Practicing Chartered Accountant ) (42 Points)
Replied 12 March 2017

GST Council will decide the goods which shall be out of the GST. Till now, council has not specified the goods which shall be out of GST. Hence wait for the list of goods which shall be out of GST specified by GST council.

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Madhukar N Hiregange (Chartered Accountant) (38934 Points)
Replied 13 March 2017

Textiles would be under GST. We wait for the rates & special exmeptions.

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CA Rashmi Gandhi (Chartered Accountant) (86243 Points)
Replied 05 June 2017

Readymade Garments 12% with no cash refund of ITC

Readymade Garments Below Rs. 1000 5% with no cash refund of ITC

Fabrics & Yarn (except man-made) 5%

Manmade Yarn 18%

All Process of Textiles 5%

Packaged Food Items 5%

Fiber Silk and Jute 0%

Manmade Fiber 18%Â

1 Like